Q: What do you want people to know who may be nervous about the market? 

A: I've been looking at stocks professionally for over 32 years and have seen many difficult times – the market crash of 1987 (a 23% decline for the Dow in one day) and 6 recessions. Throughout history, there have been other difficult times. Depressions, the rise and fall of communism, the rise of free-market economies and failing banking systems. The September 11th tragedy was horrific for the country, but it is not the scariest time I've gone through in the stock market. We have a number of buffers in the economy and a lot of strong elements to help us continue to prosper. For example, Social Security payments are wonderful and unemployment compensation is great. The federal government had been running a surplus going into the 2001 recession. Sixty-nine percent of people own their homes. Housing prices are very firm; they've been up for the last few years. All of this helps the economy.